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AI NEM Forecast

Price Forecast:

Bearish <-> Bullish

Bullish Case: Newmont's recent operational efficiencies from the Newcrest merger and favorable gold prices could propel strong earnings growth, potentially pushing NEM towards $60 within the next few months.

Bearish Case: Persistently high operational costs and potential delays in integration post-Newcrest acquisition could lead to disappointing earnings, with risks of NEM falling back to $45 if gold prices decline.

Potential Outcomes:

1. Successful Newcrest integration (60%).

2. Significant gold price rally (40%).

3. Continued high operational costs (30%).

4. Market downturn impacting gold sector (20%).

Trading Oracle: Implement a bullish debit spread: buy the August 2024 $52 call and sell the August 2024 $57 call. This benefits from expected price rises and reduces downside risk amid seen volatility gains. Favorably positioned for potential gold market rallies.

August 23, 2024

Newmont Forecast

NEM Newmont

Price Forecast
Future Uncertainty

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